Laos vs Trinidad and Tobago: Economic Indicators Comparison

Trinidad and Tobago with a GDP of $23.8B ranked the 113th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Trinidad and Tobago and Laos ranked 175th vs 11th and 53rd vs 140th, respectively.

Gross Domestic Product & Income

StatLaosTrinidad and Tobago
GDP$18B$23.8B
GDP growth, 1 year6.5%0.3%
GDP growth, 5-years average7%-1.5%
Population6.9M1.4M
GDP per capita$2.5k$17k
GDP per capita growth4.62%-0.66%
Purchasing Power Parity conversion factor2901.23.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.54
GDP per capita, PPP adjusted$7.9k$32k
GNI, Atlas method$17.3B$22.2B
GNI per capita$2.5k$16k
GNI, PPP adjusted$50.1B$43.1B
GNI per capita, PPP adjusted$7.1k$31k

Financial system and Human development

StatLaosTrinidad and Tobago
Income Tax Rate24%25%
Corporate Tax Rate24%25%
Inflation, consumer prices2%1.1%
Inflation, GDP deflator1.9%6.1%
Unemployment0.6%2.8%
Economic Freedom Index55.558.3
Personal Freedom Index5.86.88
Human Freedom Index6.26.81
Property Rights Index42.556.6
Judical Effectiveness Index37.342.1
Business Freedom Index54.367.3
Fiscal Health Index53.315.9
Labor Freedom Index58.676
Investment Freedom Index3560
Financial Freedom Index2050
Trade Freedom Index8267.8
Monetary Freedom Index76.877.4
Government Spending Index86.666.5
Tax Burden Index8782.6
Government Integrity Index3237.4
Corruption Perceptions Index2941
Life expectancy at birth, years67.373.2
Suicide mortality rate, per 100,000 people8.613.6
Mortality caused by road traffic injury, per 100,000 people16.612.1
Intentional homicides, per 100,000 people730.9
International tourism, number of arrivals3.8M375k

Government debt & reserves

StatLaosTrinidad and Tobago
Central government debt, % of GDP63%45.3%
External debt stocks, % of GNI90.2%N/A
External debt stocks$15.6BN/A
Short-term debt, % of total reserves41.2%N/A
Total debt service, % of exports and primary income14.6%N/A
Adjusted net savings including particulate emission damage, % of GNI-1.2%N/A
Gross savings, % of GDP17.6%N/A
Gross capital formation, % of GDP29%N/A
Total reserves including gold$980.4M$8.1B
Foreign direct investment net inflows$1.3B-$602.5M

Exports, imports and economic structure

StatLaosTrinidad and Tobago
Exports of goods and services, % of GDP33.2%N/A
Imports of goods and services, % of GDP41.9%N/A
Current account balance (balance of payments)-$1.4B$1.2B
Revenue excluding grants, % of GDPN/A38.4%
Grants excluding technical cooperation, BoP$337.3M$2.4M
Personal remittances received$238.7M$138.7M
Industry including construction value added, % of GDP31.5%42%
Agriculture, forestry and fishing value added, % of GDP15.7%1%
Charges for the use of intellectual property, payments BoPN/A$63.9M
Charges for the use of intellectual property, receipts BoPN/A$882k
Expense, % of GDPN/A35.9%
Government Expenditure, % of GDP21.1%33.4%

Compare with countries close by GDP per capita

Laos vs

CountryGDP
per capita
Population
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M